2016 is already shaping up to be an amazing year. China’s spectacular stock market crash is not the global disaster so many are making it out to be. Wall Street is pumping up fears in order to make a heafty profit on the market gyrations using programmed trading. All this is in the mix as the race for the presidency in the US heats up.
The fundamentals of China and the United States remain strong. We drill into the details of the Chinese and US political economies to get the story straight, identify the role of corruption in both economies, and give an outlook based on the reality, not on the fear being promoted by Wall Street.
The price of oil continues to crater; much as they have with the China story, many in the media are buying the hype that this is somehow bad for the US economy. In reality this puts cash directly into the pockets of those who need it most in the US, which has an immediate multiplier effect and is a net positive for the economy now and in the future. Rinaldo calls the oil industry a “giant vampire” in this episode.
The Economic Doomsday Clock ticks another minute away from Midnight, to 11:44pm based on the possibility of a reclamation in the Republican Party in the US.
Throughout the show we discuss the ongoing presidential race and it’s implications for policy in the next administration. At the end of the show we discuss the US presidential race and the definition of “Natural Born” as it applies to Senator Ted Cruz’s qualification for the presidency.
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